Plan Snapshot
- Plan Sponsor: Liberty Pumps
- Sponsor EIN: 160909438
- Sponsor Address: 7000 APPLE TREE AVENUE, BERGEN, NY, 14416
- Plan Type: 401(k)
- Total Participants: 309
- Total Assets: $32.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 309 | $32.4M | $857,498 | $2.2M |
| 2023 | 299 | $28.5M | $746,933 | $1.9M |
| 2022 | 307 | $24.6M | $730,223 | $1.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | ADVISOR | $43,857 | — | $43,857 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $43,149 | — | $43,149 |
| FREED MAXICK P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,006
- Estimated Expense Ratio: 0.268% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $87,006 | $43,857 | — | — | — |
| 2023 | $89,935 | $42,787 | — | — | — |
| 2022 | $94,288 | — | — | — | — |